Wadi Makkah

Wadi Makkah, established in 2012 and fully owned by Umm Al Qura University, aims to foster a knowledge-based economy in Saudi Arabia with a capital of 100 million riyals. The company focuses on creating partnerships between educational institutions and the business community to promote technology localization and development. It strives to provide a supportive environment for local and international research and development centers, enhancing collaboration with the university and fostering the commercialization of research and innovation. Wadi Makkah has two primary objectives: managing and commercializing university innovations and establishing Makkah Techno Valley, a dedicated Science and Technology Park within the university. The firm primarily invests in sectors such as information technology, media, and real estate.

Faisal Al-Allaf

CEO

Past deals in Saudi Arabia

DentaCarts

Seed Round in 2019
DentaCarts is an online dental marketplace founded in 2017 and based in Nasr City, Egypt. The company connects dentists with a wide range of vendors across Egypt, Saudi Arabia, and Germany, offering over 30,000 products in categories such as restorative, endodontics, prosthetics, implant, orthodontics, and dental lab services. DentaCarts aims to modernize the dental supply chain through its digital platform, which facilitates the ordering process and automates inventory management using cloud and IoT technologies. With a network of over 150 agents and product suppliers, the company has served more than 3,000 dental businesses in its first four years. DentaCarts seeks to lead the dental supply commerce in the Middle East and Africa by leveraging innovative e-commerce solutions to improve efficiency and accessibility for dental professionals.

Hazen.ai

Seed Round in 2019
Hazen.ai is a company specializing in artificial intelligence-based traffic enforcement solutions, founded in 2017 and headquartered in Mecca, Saudi Arabia. It develops advanced traffic camera systems that utilize computer vision and deep learning to monitor and analyze traffic violations, including dangerous driving behavior. Hazen.ai's products, such as traffic violation monitors and vehicle motion tracking software, are designed to assist enforcement organizations in efficiently identifying and addressing various moving violations. By leveraging cutting-edge video analysis technology, the company's systems aim to enhance road safety and ultimately save lives.

Saryah

Seed Round in 2019
Saryah is a platform aimed at enhancing the travel experience for tourists in Saudi Arabia by offering comprehensive insights into prominent religious, historical, and tourist sites. The platform enables users to access detailed information about various points of interest across the region, while also connecting them with qualified freelance tour guides and tourism companies. This service not only assists travelers in planning memorable trips but also facilitates the exploration of free tours and trails, complete with accurate map locations. By combining local expertise with user-friendly technology, Saryah supports both tourists and residents in discovering the rich cultural heritage and attractions of Saudi Arabia.

Lucidya

Pre Seed Round in 2015
Lucidya, LLC is a software as a service (SaaS) company based in Riyadh, Saudi Arabia, founded in 2016. It specializes in social media monitoring and analytics, offering a platform that enables organizations to detect and analyze spikes in social media activity, track trending hashtags, and access brand statistics through an interactive live dashboard. Lucidya's solution includes real-time alerting, automated reporting, competitive analysis, and benchmarking, making it valuable for a diverse range of clients, including agencies, brands, non-profit organizations, and media industries. Leveraging proprietary artificial intelligence and Arabic natural language processing technologies, Lucidya provides accurate analysis of social media interactions in Arabic, establishing itself as a leading tool in the MENA region. The company has successfully expanded its customer base beyond Saudi Arabia to over six countries, serving various sectors such as telecommunications, banking, automotive, and retail.
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